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By 2016, over half of the UK’s SMEs expect to be exporting their goods and services around the world; that’s an increase of one fifth over the next year. This… read more →
Following the release of inflation data, which showed that consumer price inflation (CPI) had reached the record low level of 0% in March, the pound moved weaker against both the… read more →
I will hold you forever – Adonis Thanks Ian 🙂 There are not many options that are conceivable and the situation has taken up financial headlines for the last couple… read more →
The eurozone creditors are getting tired with the pace of Greek reforms. If agreed, billions in bailout loans could be advanced and this could save the country from bankruptcy. At… read more →
When a bank or finance house lends out money they will usually use a reference rate, which in the United Kingdom will usually be LIBOR (London Interbank Offered Rate) or… read more →
There are a number of difficulties with using a Letter of Credit, but they are one of the most widely used instruments for trade. Letters of credit are used in… read more →
At Trade Finance Global, many people ask whether the UCP 600 will be revised. The UCP 600 is a set of rules developed by the International Chamber of Commerce on… read more →
Many industries are financially regulated and governed to facilitate trade, prevent risks and standardise rules. The UCP 600 (“Uniform Customs & Practice for Documentary Credits”) is the official publication which… read more →
Structured Trade Finance Lending institutions and banking corporations provide a variety of services to exporters, importers and trading corporations for carrying out trade efficiently and these services are collectively referred… read more →
What is the procedure by the beneficiary banks (not a negotiating bank) if there is a restricted Letter of Credit (LC)? The bank could tell the beneficiary to present documents… read more →
Letters of Credit (LCs) are instruments which guarantee sellers payment if certain terms and conditions are met. They are frequently used in international transactions and have many different types. We… read more →
Trade Finance is usually used in international commerce in order to pay trading partner when doing overseas business. It is usually used on its own or coupled with invoice finance… read more →
Cash flow is crucial in any business. No matter what your turnover or net profits are, if you don’t have enough cash to pay your employees at the end of… read more →
Bank Guarantee vs Letter of Credit Letters of Credit reduce the risks of not getting paid after the product has been delivered An LC is a promise by a financial… read more →
Where all documents are to be marked drawn under LC number 123 dated 01.01.2015 and the documents presented mentions ‘LC number 123 dated 01.01.2015.’ How is clause 47A applied? This… read more →
